“Things are different now.” (But it probably makes no difference.) The debasement of the currency in trillion dollar leaps is 2008-9 at another level. Every time the Fed bolsters the banks it solidifies the top 10% and our growing share of both equity AND cash reserves. This isn’t about the 1%, but it is a “you have to be in it to win it“ game with regard to the inevitable inflation of financial assets. Covid-19 is merely an accelerant.